Fossil-fuel subsidies in South Korea
South Korea: Fossil-fuel subsidies was 3.23 billion billions of current united states dollars in 2023. ◆ Volatile
Fossil-fuel subsidies in South Korea, 2010–2023
Source: United Nations Environment Programme – processed by Our World in Data. Measured in billions of current united states dollars.
Analysis
In 2023, fossil-fuel subsidies in South Korea stood at 3.23 billion billions of current united states dollars.
That represents a change of down 56.3% on the previous year and up 63.1% over ten years.
Over the whole period, fossil-fuel subsidies in South Korea peaked at 7.39 billion billions of current united states dollars in 2022 and was at its lowest, 1.38 billion billions of current united states dollars, in 2016.
South Korea ranks 49th of 149 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.70 billion billions of current united states dollars | 1.38 billion billions of current united states dollars | 1.98 billion billions of current united states dollars | 10 |
| 2020s | 3.65 billion billions of current united states dollars | 1.38 billion billions of current united states dollars | 7.39 billion billions of current united states dollars | 4 |
Countries ranked near South Korea
- 47 Canada 3.41 billion billions of current united states dollars compare
- 48 Belgium 3.28 billion billions of current united states dollars compare
- 50 Bahrain 2.81 billion billions of current united states dollars compare
- 51 Switzerland 2.70 billion billions of current united states dollars compare
- 52 Serbia 2.66 billion billions of current united states dollars compare
More energy & mining data for South Korea
- Fuel imports 25.7% (2024)
- Ores and metals imports 6.7% (2024)
- Ores and metals exports 2.4% (2024)
- Gas production 0 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 0 terawatt-hours (2024)
- Gas production per person 0 kilowatt-hours per person (2024)
- Fuel exports 7.7% (2024)
- Electric power transmission and distribution losses 3.3% (2024)
- Share of dietary energy supply from carbohydrates vs. GDP per capita 53.9% (2023)
Frequently asked questions
- What is fossil-fuel subsidies in South Korea?
- Fossil-fuel subsidies in South Korea was 3.23 billion billions of current united states dollars in 2023, according to United Nations Environment Programme – processed by Our World in Data.
- What is the highest fossil-fuel subsidies recorded in South Korea?
- The highest recorded value was 7.39 billion billions of current united states dollars in 2022.
- What is the lowest fossil-fuel subsidies recorded in South Korea?
- The lowest recorded value was 1.38 billion billions of current united states dollars in 2016.
- How does South Korea rank for fossil-fuel subsidies?
- South Korea ranks 49th out of 149 countries with data for 2023.
- Is fossil-fuel subsidies rising or falling in South Korea?
- Over the last ten years it is up 63.1%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from United Nations Environment Programme – processed by Our World in Data, published as part of Fossil-fuel subsidies. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars)